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price or subsequently invoiced to the Customer. In the event Topspin is required to pay any such tax, duty or charge, Customer will promptly reimburse Topspin.
3.Payment/Financing. Topspin will determine Customer's credit terms on a per-order basis and such terms are subject to a credit review and approval by Topspin in its sole discretion. The amount of credit may be changed or credit withdrawn by Topspin at anytime in its sole discretion. All payments shall be made in U.S. Dollars net thirty (30) days from the date of invoice unless otherwise stated by Topspin in writing. Any amounts not paid when due will accrue interest at the rate of 1 1/2% per month, or the maximum amount allowed by law, if lower. In the event that any payment is more than thirty (30) days late, Topspin shall have the right to suspend performance until all payments are made current. Customer shall pay for all costs (including reasonable attorneys' fees) incurred by Topspin in connection with the collection of late payments. Each accepted purchase order is a separate, independent transaction, and Customer has no right of set-off against other purchase orders or other transactions with Topspin. Customer hereby grants Topspin a security interest in the Products in the amount of the unpaid balance of the purchase price until paid in full. Topspin may file a financing statement for such security interest and Customer shall sign any such statements or other documentation necessary to perfect Topspin's security interest.
4.Software License. (a) “Software” means Topspin's computer programs Products, in object code format, including without limitation firmware, delivered hereunder, whether incorporated in the hardware Products or delivered separately, and whether or not there is a separate charge therefor. The term “Software” shall also include any other new features, functionality or enhancements to the Software provided to Customer. All references to the “purchase,” “sale” of or “selling” Software shall mean the granting of a license to use such Software. (b) Subject to the terms and conditions of this Agreement, Topspin hereby grants Customer a non-exclusive, non-transferable, non-sublicensable license to use the Software (in object code form only) solely in accordance with the accompanying documentation for the internal business purposes of Customer. (c) Except as expressly provided in this Agreement, The license set forth above does not include any rights to and Customer shall not (i) reproduce, modify, translate or create any derivative work of all or any portion of the Products, (ii) sell, rent, lease, loan, provide, distribute or otherwise transfer all or any portion of the Software, (iii) reverse engineer, reverse assemble or otherwise attempt to gain access to the source code of all or any portion of the Products, (iv) use the Software for third-party training, commercial time-sharing or service bureau use, (v) remove, alter, cover or obfuscate any copyright notices, trademark notices or other proprietary rights notices placed or embedded on or in the Products, (vi) unbundle any component of the Products, or (vii) cause or permit any third party to do any of the foregoing. (d) If Customer is a European Union resident, Customer acknowledges that information necessary to achieve interoperability of the Software with other programs is available upon request. (e) Customer may make a single copy of standalone Software solely for its back-up purposes; provided that any such copy is the exclusive property of Topspin and its suppliers and includes all copyright and other intellectual property right notices that appear on the original. (f) Customer shall have the right to transfer the Software that is embedded in hardware Products in connection with a transfer of all of Customer's right, title and interest in such hardware Products to a third party; provided, that, Customer transfers the such Software and any copies thereof subject to, and such third party agrees in writing to be bound by, all the terms and conditions of this Agreement. (g) Customer acknowledges that the Software contains or is provided with copyrighted software of Topspin's suppliers as identified in associated documentation or other printed or electronic materials (“Third Party Software”) which are obtained under a license from such suppliers. Customer's use of any Third Party Software shall be subject to and Customer shall comply with the applicable restrictions and other terms and conditions set forth in the such documentation or materials.
5.Title/Risk of Loss/Acceptance. All sales are made F.O.B. point of shipment at Topspin's designated manufacturing facility, and Topspin's title to the Products (except for Software) and the risk of loss of or damage to the Products ordered by the Customer will pass to Customer at time of Topspin's delivery of Products to the carrier. The carrier shall be deemed Customer's agent, and any claims for damages in shipment must be filed with the carrier. Topspin is authorized to designate a carrier pursuant to Topspin's standard shipping practices unless otherwise specified in writing by Customer. All Products shall automatically be deemed accepted upon receipt by Customer.